As China struggles to boost demand, no one-size-fits-all solution will work

During a press conference of the annual “two sessions”, National People’s Congress spokesperson Lou Qinjian referenced the grass-roots football league Suchao or Su Super League, which drew millions of spectators in Chinese stadiums last year. At a time when boosting domestic demand tops Beijing’s economic agenda, discussing an amateur sports tournament at the national podium goes beyond mere cultural commentary. It hints at something broader about how policymakers are approaching the consumption...